The Mean Feed-In Tariff (FIT) for Wind Energy in Indonesia displayed a fluctuating trend from 2013 to 2023. In 2023, the value stood at 0.1 USD. The year-on-year variations have shown both declines and incremental increases. Notably, the tariff decreased significantly between 2013 and 2015 but began to stabilize with minor variations through 2020. The last two years witnessed slight increases.
The compound annual growth rate (CAGR) over the last five years (2018-2023) stood at 2.55%, indicating a moderate upward trend. Forecast data from 2024 to 2028 suggest the FIT will continue to rise gradually, with a forecasted five-year CAGR of 1.71% and an overall growth rate of 8.86% by 2028.
Future trends to watch for include policy changes influencing FIT rates, technological advances in wind energy, and global energy market dynamics impacting investment in renewable energy. Monitoring these factors will be crucial for understanding long-term trends in Indonesia's wind energy sector.
